Easy to carry money!

This card is decent, however the problem is this: No free ATM withdrawals at all. The good thing is they have a lower limit to meet to avoid the monthly fee (most other cards have $1,000 deposit minimum to avoid monthly fee). Out of the features thouugh, I still think NetSpend is a better alternative to this card if you think the $9.95/month fee is worth paying for all of those extra benefits.

Bank Freedom Prepaid Credit card is a good alternative to a regular credit card. You are able to have the access of banking online, shopping online, and paying bills online or over the phone. There are no overdraft charges or excess charges you deposit the amount you want on your card and go with it. I like the fact that I can carry a credit card when I travel and do not have to carry cash but also know that I am not going to have a monthly bill to pay. You do have to pay a $5.00 monthly charge if you don’t deposit 500.00 or more in your account but a lot of other cards charge $9.95 or more. I have had my card for over a year and it is my opinion that this is one of the best prepaid cards out there. I would highly recommend the Bank Freedom Prepaid Credit card to another person.

It’s interesting that a prepaid card would be called the Bank Freedom Prepaid MasterCard because one of the main reasons people use prepaid cards is to escape fees that may have recently been added to their checking accounts (i.e. to get freedom from their bank). At any rate, why don’t we see whether the Bank Freedom Prepaid Card is worth running to or not. The most important thing to look at when evaluating a prepaid card is its fees, and while the Bank Freedom Prepaid MasterCard does not have many, they are important. First of all, if you don’t load at least $500 on the Bank Freedom Card in a given month, you’ll have to pay a $5 monthly fee. In addition, ATM withdrawals will run you $2.50 a pop. There are no fees for live customer service, transactions, inactivity, or activation. So how does it measure up?

Well, the $500 minimum load requirement to avoid a monthly fee is pretty standard and as long as you sign up for direct deposit for your paycheck, you should be able to meet it. However, the $2.50/withdrawal ATM fee is problematic. It makes the card inferior to the competition when used at a replacement checking account because the likes of the Green Dot Prepaid Card offer free withdrawals at over 18,000 in-network ATMs. The Bank Freedom Prepaid MasterCard doesn’t fit in the other main niche prepaid cards have carved out for themselves either (i.e. financial literacy teaching tool) because the allowance you load on a prepaid card for your child’s allowance is probably not going to be in the $500 range. As a result, the Amex Prepaid Card will be a cheaper option. All in all, the Bank Freedom Prepaid Card is a decent option, but key shortcomings hold it back from being a good one.